Stocks Report(Google)

Source: HY Markets Broker (Review and Forex Rebates up to 85%)

Google has been falling sharply in the last 2 days inside the C-wave of the intermediate ABC correction (2), which started earlier this month – when Google reversed down from the resistance level 640.00 (which also previously reversed the price at the end of August, as you can see below). The active C-wave yesterday broke the round support level 600.00 – which should strengthen the bearish pressure on Google in the coming trading sessions. Google is likely to fall further to the next support level 580.00 (target price calculated for the completion of wave C).

Google Chart